Assets
| Type | Time | Amount | Unit |
|---|
Revenue
| Type | Start date | End date | Amount | Unit |
|---|
XML
See the xml submitted here:
XML: INVALID
Separator
The full data:
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<arr:IndependentAuditorsReportsAudit contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">INDEPENDENT AUDITOR'S REPORT</td></tr></table></arr:IndependentAuditorsReportsAudit>
<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">To the shareholders of SimCorp A/S</td></tr></table></arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Our opinion</td></tr><tr><td colspan="1">In our opinion, the consolidated financial statements and the parent company financial statements give a true and fair view of the Groupâs and the parent companyâs financial position at December 31, 2017 and of the results of the Groupâs and parent companyâs operations and cash flows for the financial year January 1 to December 31, 2017 in accordance with International Financial Reporting Standards as adopted by the EU and further requirements in the Danish Financial statements Act.</td></tr><tr><td colspan="1">Our opinion is consistent with our additional report to the Audit Committee and the Board of Directors.</td></tr><tr><td colspan="1">What we have audited</td></tr><tr><td colspan="1">SimCorpâs consolidated financial statements and the parent company's financial statements for the financial year January 1 to December 31, 2017 comprise income statement, statement of comprehensive income, balance sheet, statement of changes in equity, cash flow statement and notes to the financial statements, including summary of significant accounting policies for the Group as well as for the Parent Company Collectively referred to as the âFinancial Statementsâ.</td></tr></table></arr:OpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Basis for opinion</td></tr><tr><td colspan="1">We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the Auditorâs Responsibilities for the audit of the Financial Statements section of our report.</td></tr><tr><td colspan="1">We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</td></tr><tr><td colspan="1">Independence</td></tr><tr><td colspan="1">We are independent of the Group in accordance with International Ethics Standards Board for Accountantsâ Code of Ethics for Professional Accountants (IESBA Code) and the additional requirements applicable in Denmark. We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code.</td></tr><tr><td colspan="1">To the best of our knowledge and belief, prohibited non-audit services referred to in Article 5(1) of Regulation (EU) No 537/2014 were not provided.</td></tr><tr><td colspan="1">Appointment</td></tr><tr><td colspan="1">We were first appointed as auditors of SimCorp A/S for the financial year 2014. We have been reappointed annually by shareholder resolution for a total period of uninterrupted engagement of 4 year including the financial year 2017.</td></tr></table></arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:KeyAuditMattersAudit contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Key audit matters</td></tr><tr><td colspan="1">Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements for 2017. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.</td></tr><tr><td colspan="1">KEY AUDIT MATTER</td></tr><tr><td colspan="1">Revenue recognition of license and maintenance revenue</td></tr><tr><td colspan="1">The Group and parent company have adopted the accounting standard IFRS 15 âRevenue from Contracts with Customersâ from 1 January 2017 using the modified retrospective method.</td></tr><tr><td colspan="1">The Group and the parent company provide its products and services to clients in bundled packages as multi-element contracts, and recognition of revenue is subject to the inherent complexities in the software industry.</td></tr><tr><td colspan="1">Revenue is recognised when control is passed and if the revenue criteria for recognising revenue over time or at a point of time have been met.</td></tr><tr><td colspan="1">We focused on this area due to the complex nature of revenue recognition for multiple element arrangements that include identification of performance obligations in the contracts and allocation of the relative standalone selling prices to the identified performance obligations.</td></tr><tr><td colspan="1">HOW OUR AUDIT ADDRESSED THE KEY AUDIT MATTER</td></tr><tr><td colspan="1">We assessed the design and implementation of the controls over the Groupâs revenue cycle.</td></tr><tr><td colspan="1">We tested relevant controls including applicable information systems and Managementâs review controls.</td></tr><tr><td colspan="1">For multi-element contracts, we obtained and evaluated Managementâs allocation of revenue to the specific performance obligations identified in the contracts and assessed the allocation of the standalone selling prices to the performance obligations including rebates, discounts, allowances and inherent interests.</td></tr><tr><td colspan="1">For revenue recognised we obtained and evaluated Managements assessment that customers has the ability to direct use and obtain substantially all benefits for the licenses transferred. For revenue recognised point in time we obtained and evaluated Managementâs documentation for right to payment and that the licenses has been transferred and made available to the customer. For revenue recognised over time we obtained Managements assessment that customers over time consumes and benefit from the services delivered.</td></tr><tr><td colspan="1">Further, we focused on deferral of revenue, presentation in the balance sheet of contracts assets and revenue recognition for fixed fee projects due to the inherent estimation uncertainty of the percentage of completion.</td></tr><tr><td colspan="1">Refer to note 2.1 âRevenueâ, 2.2 âSegment and Revenue informationâ and 2.3 âFuture Performance Obligations in the consolidated financial statements and note 2.1 âRevenueâ and 2.2 âFuture Performance Obligationsâ in the financial statements of SimCorp A/Sâ.</td></tr><tr><td colspan="1">We assessed the percentage of completion on specific fixed fee projects based on Management reports, project estimates and interview with project managers. We also assessed the outcome of prior period estimates.</td></tr><tr><td colspan="1">We assessed the transition from IAS 18 and IAS 11 to IFRS 15 applying the modified retrospective method. Our assessment comprise on-going contracts as of 31 December 2016. We obtained for these contracts Managementâs allocation of revenue to the specific performance obligations identified in the contracts and assessed the allocation of the standalone selling prices to the performance obligations including rebates, discounts, allowances and inherent interests.</td></tr><tr><td colspan="1">KEY AUDIT MATTER</td></tr><tr><td colspan="1">Accounting for taxation</td></tr><tr><td colspan="1">The Group operates in a complex multinational tax environment and there are open tax and transfer pricing cases with domestic and foreign tax authorities.</td></tr><tr><td colspan="1">We focused on this area as the amounts involved are potentially material and the valuation of tax assets and liabilities are associated with uncertainty and judgement.</td></tr><tr><td colspan="1">Refer to note 3.1 âIncome taxâ, 3.2 âDeferred taxâ and 3.3 âIncome tax payablesâ.</td></tr><tr><td colspan="1">HOW OUR AUDIT ADDRESSED THE KEY AUDIT MATTER</td></tr><tr><td colspan="1">In understanding and evaluating Managementâs judgements, we considered the status of recent and current tax authority audits and enquiries, the outcome of previous claims, judgemental positions taken in tax returns and current year estimates and developments in the tax environment.</td></tr><tr><td colspan="1">In addition, we used our own local and international tax specialists, evaluated the adequacy of Managementâs key assumptions and read relevant correspondence with tax authorities to assess the valuation of tax assets and liabilities.</td></tr><tr><td colspan="1">KEY AUDIT MATTER</td></tr><tr><td colspan="1">Accounting for the acquisition of A.P.L. Italiana S.p.A (SimCorp Italiana)</td></tr><tr><td colspan="1">On 1 August 2017 A.P.L Italiana S.p.A was acquired by the Group for a total consideration of EUR 38.2 million. Management has assessed the fair value of assets and liabilities acquired in the business combination.</td></tr><tr><td colspan="1">We focused on this area as there is a significant level of judgement involved in estimating the fair value of especially the intangible assets and provisions.</td></tr><tr><td colspan="1">Refer to note 5.3 "Acquisition of enterprisesâ.</td></tr><tr><td colspan="1">HOW OUR AUDIT ADDRESSED THE KEY AUDIT MATTER</td></tr><tr><td colspan="1">We assessed the assumptions and methodology used by Management to calculate the fair value of intangible assets against normally applied valuation methodologies.</td></tr><tr><td colspan="1">We considered the approach taken by Management, assessed key assumptions and obtained supporting evidence by comparing key assumptions to market data, where available, underlying accounting records, our past experience of similar transactions and Management's forecasts supporting the acquisition.</td></tr><tr><td colspan="1">We consulted with subject matter experts regarding the valuation methodologies applied.</td></tr><tr><td colspan="1">We also considered the adequacy of the disclosures provided by Management related to the acquisition of A.P.L Italiana S.p.A including the fair value of acquired intangible assets and provisions.</td></tr></table></arr:KeyAuditMattersAudit>
<arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Reporting on Managementâs Review</td></tr><tr><td colspan="1">Management is responsible for Managementâs Review.</td></tr><tr><td colspan="1">Our opinion on the financial statements does not cover the Management Review, and we do not express any form of assurance conclusion thereon.</td></tr><tr><td colspan="1">In connection with our audit of the financial statements, our responsibility is to read the Management Review and, in doing so, consider whether the Management Review is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated.</td></tr><tr><td colspan="1">Moreover, we considered whether Managementâs Review includes the disclosures required by the Danish Financial statements Act.</td></tr><tr><td colspan="1">Based on the work we have performed, in our view, the Management Review is in accordance with the consolidated financial statements and the parent company financial statements and has been prepared in accordance with the requirements of the Danish Financial Statement Act. We did not identify any material misstatement in the Management Review.</td></tr></table></arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Managementâs responsibilities for the Financial Statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of consolidated financial statements and parent company financial statements that give a true and fair view in accordance with International Financial Reporting Standards as adopted by the EU and further requirements in the Danish Financial statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.</td></tr><tr><td colspan="1">In preparing the financial statements, Management is responsible for assessing the Groupâs and parent companyâs ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless Management either intends to liquidate the Group or parent company, or to cease operations, or has no realistic alternative but to do so.</td></tr></table></arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Auditorâs responsibilities for the audit of the Financial Statements</td></tr><tr><td colspan="1">Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorâs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken based on these financial statements.</td></tr><tr><td colspan="1">As part of an audit in accordance with ISAs and additional applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also</td></tr><tr><td colspan="1">·        Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.</td></tr><tr><td colspan="1">·        Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Groupâs and the parent companyâs internal control.</td></tr><tr><td colspan="1">·        Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.</td></tr><tr><td colspan="1">·        Conclude on the appropriateness of Managementâs use of the going concern basis of accounting and based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Groupâs and the parent companyâs ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditorâs report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorâs report. However, future events or conditions may cause the Group or the parent company to cease to continue as a going concern.</td></tr><tr><td colspan="1">·        Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.</td></tr><tr><td colspan="1">·        Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.</td></tr><tr><td colspan="1">·       We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.</td></tr><tr><td colspan="1">We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.</td></tr><tr><td colspan="1">From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditorâs report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.</td></tr></table></arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:SignatureOfAuditorsPlace contextRef="ctx1" xml:lang="en">Copenhagen</arr:SignatureOfAuditorsPlace>
<arr:SignatureOfAuditorsDate contextRef="ctx1">2018-02-20</arr:SignatureOfAuditorsDate>
<mrv:StatementOfCorporateSocialResponsibility contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">CORPORATE SOCIAL RESPONSIBILITY</td></tr><tr><td colspan="1">Report on corporate social responsibility, cf. Section 99 a of the Danish Financial Statements Act</td></tr><tr><td colspan="1">SimCorpâs statement can be found on the company website</td></tr><tr><td colspan="1">https://www.simcorp.com/en/about/investor/corporate-governance#csr</td></tr><tr><td colspan="1">Corporate social responsibility (CSR) in SimCorp is firmly based on the Groupâs core values and âCorporate Governance Guidelinesâ as adopted by the Board of Directors.</td></tr><tr><td colspan="1">SimCorpâs commitment to sustainable development of the company is based on combining financial performance with socially responsible behavior and environmental awareness.</td></tr><tr><td colspan="1">SimCorp does not have an explicit, separate CSR policy, but its âGuideline for Good Business Behaviorâ (see link below) and CSR statement (see link above) combined include policies and principles for employees, ethics, human rights, suppliers, the environment, stakeholder engagement, governance, antibribery, and corruption that aim to maintain and enhance its professional and commercial relations with internal and external stakeholders based on mutual respect.</td></tr><tr><td colspan="1">https://www.simcorp.com/en/about/investor/corporate-governance#goodbusiness</td></tr><tr><td colspan="1">SimCorp maintains high standards when it comes to confidentiality and protection of personal data. This is ensured through compliance with technical data security standards and processes, as well as ongoing education of the employees in how to handle data in accordance with legislative requirements and confidentiality. A project has been initiated to ensure that SimCorp complies with the General Data Protection Regulation (GDPR) provisions taking effect as of May 2018 and stays compliant going forward.</td></tr><tr><td colspan="1">Regarding the environment, SimCorp promotes responsibility and increasing use of environmental-friendly technologies, when it comes to especially electricity, heat-related energy, and CO2, which are the key environmental factors affected by SimCorpâs business model (see page 14). As an example, SimCorpâs travel policy guides SimCorp employees to replace travel activity by video conferences when possible.</td></tr><tr><td colspan="1">On a continuous basis, SimCorp is working with infrastructure service experts to identify areas for optimizing the energy level as much as possible within the limits pertaining to not owning but leasing its office space. A statutory energy report is conducted as and when required in accordance with EU law.</td></tr><tr><td colspan="1">Due to the nature of its business model and its associated risks, SimCorp does not have a specific human rights policy. SimCorpâs approach to human rights is based on our corporate value statement: âwe are determined, enthusiastic, and perform with integrity â togetherâ that is also the foundation for our business relationship with suppliers. It is part of the procurement process that suppliers are requested to confirm adherence to a number of principles, including compliance with the UN convention on child labor, article 32.1, and the respect for an equal status between the sexes and between persons of different races and religion. Further, SimCorp does not accept products and services which have directly or indirectly been designed, manufactured, produced, or procured in contravention of local environmental legislation or other legislation, or by means of corruption, bribery, or other fraudulent behavior. Suppliers must also comply with SimCorpâs Guideline for Good Business Behavior.</td></tr></table></mrv:StatementOfCorporateSocialResponsibility>
<mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">DIVERSITY</td></tr><tr><td colspan="1">Report on the underrepresented gender, cf. Section 99 b of the Danish Financial Statements Act</td></tr><tr><td colspan="1">SimCorpâs statement can be found on the companyâs website</td></tr><tr><td colspan="1">https://www.simcorp.com/en/about/investor/corporate-governance#diversity</td></tr><tr><td colspan="1">SimCorp aims to promote diversity, which includes achieving a reasonable representation of both genders at Board and management level. This goal is based on a wish to strengthen the versatility and total competences of the business and to improve decision-making processes. SimCorpâs approach to diversity is described in SimCorpâs Diversity and Inclusion Policy, which is included in SimCorpâs Corporate Governance Guidelines and its Diversity Action Plan.</td></tr><tr><td colspan="1">Regarding the Board of Directors, the company has set as a target to have at least two directors of the underrepresented gender elected by the Annual General Meeting in 2018. This target will be realized through the recruitment of new Board members. As of the Annual General Meeting 2018 and the following Extraordinary General Meeting on May 9, 2018, and the proposal of Joan A. Binstock and Morten Hübbe as candidates, it is the result that one of the seven directors elected by the Annual General Meeting is of the underrepresented gender, which means that SimCorp has not reached the target figure.</td></tr><tr><td colspan="1">Regarding gender diversity in SimCorpâs total management team, it is SimCorpâs objective to increase the proportion of women, so that it reflects the total proportion of female employees in the SimCorp Group. Activities to ensure these goals are described in the Diversity Action Plan for SimCorp 2017. At the end of 2017, the total management team comprises 70.9% (2016: 72.1%) men and 29.1% (2016: 27.9%) women.</td></tr></table></mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender>
<mrv:CorporateGovernanceReport contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">CORPORATE GOVERNANCE</td></tr><tr><td colspan="1">SimCorpâs Board of Directors has reviewed and discussed each of the recommendations for corporate governance issued by Nasdaq Copenhagen and has concluded that, with one exception, SimCorp is in full compliance with the recommendations regarding the way the company is governed and regarding the interaction between the companyâs managerial bodies, its shareholders, and other stakeholders.</td></tr><tr><td colspan="1">SimCorpâs Corporate Governance Guidelines are intended to ensure an efficient and adequate management of SimCorp within the framework defined by applicable legislation, rules, and recommendations for listed companies in Denmark and by SimCorpâs articles of association, mission, vision, and values. The guidelines can be found on the companyâs website</td></tr><tr><td colspan="1">https://www.simcorp.com/en/about/investor/corporate-governance#corpgov</td></tr><tr><td colspan="1">SIMCORPâS STAKEHOLDER RELATIONSHIPS</td></tr><tr><td colspan="1">SimCorpâs overall management objective is to promote the long-term interests of the company, and thus of all stakeholders. This objective assumes that SimCorp establishes lasting and constructive relationships with the Groupâs primary stakeholders: shareholders, clients, business partners, employees, and suppliers.</td></tr><tr><td colspan="1">THE WORK OF THE BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT BOARD</td></tr><tr><td colspan="1">The Board of Directors is a collective body for promoting the long-term interests of the company. The Board of Directors is responsible for ensuring that the overall strategic management and the financial and managerial control of the Group are conducted adequately. Thus, the Board of Directors acts as a sparring partner to the Executive Management Board in relation to strategic initiatives and monitors the Groupâs financial condition, risk management, and business activities on an ongoing basis.</td></tr><tr><td colspan="1">COMPOSITION AND QUALIFICATIONS OF THE BOARD OF DIRECTORS</td></tr><tr><td colspan="1">The Board of Directors is constituted to ensure its independence, adequate collective competences, and experiences within executive management disciplines related to global corporations, information technology, and business-to-business sales of software, and to hold sufficient members to enable an appropriate distribution of tasks and an effective decision-making process. As provided in the companyâs articles of association, SimCorpâs Board of Directors currently consists of between three and six members elected by the companyâs shareholders in addition to members elected by and among the companyâs employees.</td></tr><tr><td colspan="1">At the Annual General Meeting in March 2018, the Board of Directors will propose an expansion of the number of shareholder-elected Board members to be between four and eight members. This will enable an appropriate constitution of Board committees, currently the Audit Committee and Nomination Committee, and facilitate succession preparedness at Board of Directors level.</td></tr><tr><td colspan="1">Members of SimCorpâs Board of Directors are elected for one year at a time and employee-elected members for three years. At the Annual General Meeting 2018, Patricia McDonald will not seek re-election, and SimCorpâs Board of Directors proposes the election of two new Board members. The election of the seventh member will in practice be proposed at an Extraordinary General Meeting on May 9, 2018 subject to the approval by the Annual General Meeting to expand the Board to between four and eight shareholder-elected members. At the beginning of 2016, SimCorpâs employees elected three employee Board members. Accordingly, following the Annual General Meeting 2018 and the Extraordinary General Meeting in May, the Board will consist of seven members elected by the shareholders and three members elected by employees.</td></tr><tr><td colspan="1">SimCorp complies with the Corporate Governance Recommendations issued by Nasdaq Copenhagen with the following exception</td></tr><tr><td colspan="1">In the specific matter of remuneration committees, SimCorp has decided not to comply with the Corporate Governance Recommendations issued by Nasdaq Copenhagen due to the limited complexity of its business.</td></tr><tr><td colspan="1">SimCorpâs remuneration guidelines clearly states SimCorpâs remuneration principles and procedures. Remuneration matters are considered by the full Board of Directors and a remuneration committee is considered as adding unnecessary cost and complexity.</td></tr><tr><td colspan="1">Targets and performance against these are disclosed in detail as part of the annual report on a retrospective basis. The mix between fixed salary and short-term incentive and long-term incentive programs for executive directors is in line with levels generally suggested and accepted within both Danish and international corporate governance guidelines.</td></tr><tr><td colspan="1">Self-assessment</td></tr><tr><td colspan="1">As part of its annual wheel activities, the Board of Directors carries out a self-assessment. As in 2016, the process was in 2017 facilitated by a third party, Odgers Berndtson, and comprised an evaluation of the work and contribution of the Executive Management Board, the Board of Directors, the Audit Committee, and the Nomination Committee within the areas of strategy, finance, risk management, sales, organization, management, and operations.</td></tr><tr><td colspan="1">Based on the self-assessment, it was concluded that the Boardâs collective work is effective.</td></tr><tr><td colspan="1">The Board also concluded that it would be beneficial to add candidates with experience from the investment management industry and listed companies. With the addition of Joan A. Binstock and Morten Hübbe as Board members, the Board of Directors believes it has the appropriate competencies. The geographies represented by the Board members â Northern Europe, Southern Europe, UK, and North America â reflect an extensive coverage of SimCorpâs markets. As part of the self-assessment, the Board concluded that SimCorp complies with the Danish Corporate Governance Guidelines' recommendation that at least half of the members elected by the Annual General Meeting are independent.</td></tr><tr><td colspan="1">Jesper Brandgaard has served at the Board for eleven years and Hervé Couturier for ten years.</td></tr><tr><td colspan="1">Risk management</td></tr><tr><td colspan="1">The Board of Directors has the overall responsibility for ensuring that SimCorp maintains appropriate procedures to monitor, measure, and manage the companyâs risks and that such procedures are firmly embedded in the companyâs organization. As part of its risk management, the Executive Management Board and the Board of Directors have defined and described the most critical risks to SimCorp and the related mitigating actions.</td></tr><tr><td colspan="1">A more detailed description of risks and mitigating actions is provided in the section âRisk Managementâ, pp 23-26.</td></tr><tr><td colspan="1">Further, the company has established a whistleblower hotline, which, in addition to the usual control functions, is intended to enable reporting on suspected irregularities in the business. SimCorp has engaged with a third party, Got Ethics, who provides an internet-based reporting tool. All reports under the whistleblower hotline are handled by SimCorpâs General Counsel and an independent member of SimCorpâs Board of Directors.</td></tr><tr><td colspan="1">https://www.simcorp.com/en/about/investor/whistleblower-policy</td></tr><tr><td colspan="1">NOMINATION COMMITTEEE</td></tr><tr><td colspan="1">Following the Annual General Meeting in March 2017, SimCorp formed a Nomination Committee. This committee will assist the Board with oversight of the competence profile and composition of the Board, nomination of members and committees, succession plans for the Executive Management Board, and other tasks on an ad-hoc basis as decided by the Board. The Nomination Committee consists of four members elected by the Board on a one-year term by and among the Board of Directors. Further, SimCorpâs CEO is an attendee at meetings of the Nomination Committee. In 2017, the Nomination Committee held two meetings.</td></tr><tr><td colspan="1">AUDIT COMMITTEE</td></tr><tr><td colspan="1">The Audit Committee is responsible for assisting the Board of Directors by monitoring SimCorpâs financial reporting, its financial internal control and financial risks, as well as the effectiveness and independence of the external audit for the SimCorp Group of companies. The Audit Committee consists of three members elected by the Board on a one-year term by and among the Board of Directors. The Audit Committee meets as often as it and its Chairman deem necessary, however, at a minimum, the Committee will meet four times a year at appropriate times in the reporting and audit cycle. In 2017, four meetings were held.</td></tr><tr><td colspan="1">Pursuant to the Danish Law and Corporate Governance guidelines, the majority of the members of the Committee should qualify as independent and the committee should possess the necessary financial expertise. The members of the Audit Committee are: Simon Jeffreys (Chairman â independent), Patricia McDonald (Member â independent), and Else Braathen (Member â employee-elected). See SimCorpâs Corporate Governance Guidelines for a full description of the Audit Committeeâs activities.</td></tr><tr><td colspan="1">External auditor â tasks, objectivity, and independence</td></tr><tr><td colspan="1">The Audit Committee reviews and monitors the companyâs ongoing relations with the external auditors and the independence of the external auditors. Based on recommendations from the Audit Committee and the external auditors, the Board of Directors decides whether there are areas to which the external auditors should pay special attention in given periods.</td></tr><tr><td colspan="1">During the year, the Audit Committee has been informed about the external auditorâs policies and procedures for safeguarding its objectivity and independence, and the audit partners and firm rotation requirements have been routinely observed. During the year, the Committee has approved audit-related and non-audit related service fees according to the Audit Committee guidelines for approval of non-audit services. Audit fees include the audit of the consolidated and local financial statements as well as services related to the audit of the adoption and interpretation of IFRS 15 as well as additional work regarding auditing the acquisition of A.P.L. Italiana S.p.A.</td></tr><tr><td colspan="1">Other service fees include due diligence services regarding the acquisition of A.P.L Italiana S.p.A.</td></tr><tr><td colspan="1">Other ongoing activities</td></tr><tr><td colspan="1">As part of its annual wheel activities, the Audit Committee reviews SimCorpâs accounting policies, compliance with reporting requirements, risk policy and assessment, internal controls, whistleblower policy, insurance principles, and interim reports. It does also deep-dives into specific topics as appropriate.</td></tr><tr><td colspan="1">Assessment</td></tr><tr><td colspan="1">During 2017, the SimCorp Audit Committee has not observed issues of non-compliance with audit independence, or material risk in any of the areas it monitors for the Board of Directors.</td></tr></table></mrv:CorporateGovernanceReport>
<sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">STATEMENT BY THE BOARD OF DIRECTORS AND THE EXECUTIVE MANAGEMENT BOARD</td></tr></table></sob:StatementByExecutiveAndSupervisoryBoards>
<sob:IdentificationOfApprovedAnnualReport contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The Board of Directors and the Executive Management Board have today considered and approved the annual report for 2017 of SimCorp A/S.</td></tr></table></sob:IdentificationOfApprovedAnnualReport>
<sob:ConfirmationThatAnnualReportIsPresentedInAccordanceWithRequirementsProvidedForByLegislationAnyStandardsAndRequirementsProvidedByArticlesOfAssociationOrByAgreement contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The annual report has been prepared in accordance with the International Financial Reporting Standards as adopted by the EU and further requirements according to the Danish Financial Statements Acts.</td></tr></table></sob:ConfirmationThatAnnualReportIsPresentedInAccordanceWithRequirementsProvidedForByLegislationAnyStandardsAndRequirementsProvidedByArticlesOfAssociationOrByAgreement>
<sob:ConfirmationThatFinancialStatementGivesTrueAndFairViewOfAssetsLiabilitiesEquityFinancialPositionAndResults contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">In our opinion, the consolidated financial statements and the parent company financial statements give a true and fair view of the Groupâs and the parent companyâs assets, liabilities and financial position as of December 31, 2017 and of the results of the parent companyâs and the Groupâs operations and cash flows for the financial year January 1 to December 31, 2017.</td></tr></table></sob:ConfirmationThatFinancialStatementGivesTrueAndFairViewOfAssetsLiabilitiesEquityFinancialPositionAndResults>
<sob:ManagementsStatementAboutManagementsReview contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">In our opinion the Management report gives a true and fair view of developments in the activities and financial position of the Group and the parent company, the results for the year and the financial position of the Group and the parent company, as well as a description of the significant risk and uncertainty factors that may affect the Group and the parent company.</td></tr></table></sob:ManagementsStatementAboutManagementsReview>
<sob:RecommendationForApprovalOfAnnualReportByGeneralMeeting contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We recommend that the annual report be adopted by the shareholders at the annual general meeting.</td></tr></table></sob:RecommendationForApprovalOfAnnualReportByGeneralMeeting>
<sob:PlaceOfSignatureOfStatement contextRef="ctx1" xml:lang="en">Copenhagen</sob:PlaceOfSignatureOfStatement>
<sob:DateOfApprovalOfAnnualReport contextRef="ctx1">2018-02-20</sob:DateOfApprovalOfAnnualReport>
<ifrs-full:Revenue contextRef="ctx1" unitRef="vEUR" decimals="-3">343405000</ifrs-full:Revenue>
<ifrs-full:CostOfSales contextRef="ctx1" unitRef="vEUR" decimals="-3">132528000</ifrs-full:CostOfSales>
<ifrs-full:GrossProfit contextRef="ctx1" unitRef="vEUR" decimals="-3">210877000</ifrs-full:GrossProfit>
<ifrs-full:OtherIncome contextRef="ctx1" unitRef="vEUR" decimals="-3">211000</ifrs-full:OtherIncome>
<ifrs-full:ResearchAndDevelopmentExpense contextRef="ctx1" unitRef="vEUR" decimals="-3">64797000</ifrs-full:ResearchAndDevelopmentExpense>
<ifrs-dk:SalesCostAndDistributionsCosts contextRef="ctx1" unitRef="vEUR" decimals="-3">37198000</ifrs-dk:SalesCostAndDistributionsCosts>
<ifrs-full:AdministrativeExpense contextRef="ctx1" unitRef="vEUR" decimals="-3">20199000</ifrs-full:AdministrativeExpense>
<ifrs-full:ProfitLossFromOperatingActivities contextRef="ctx1" unitRef="vEUR" decimals="-3">88894000</ifrs-full:ProfitLossFromOperatingActivities>
<ifrs-dk:ProfitLossInAssociates contextRef="ctx1" unitRef="vEUR" decimals="-3">51000</ifrs-dk:ProfitLossInAssociates>
<ifrs-full:FinanceIncome contextRef="ctx1" unitRef="vEUR" decimals="-3">3425000</ifrs-full:FinanceIncome>
<ifrs-full:FinanceCosts contextRef="ctx1" unitRef="vEUR" decimals="-3">4680000</ifrs-full:FinanceCosts>
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<gsd:InformationOnTypeOfSubmittedReport contextRef="ctx1">Ã
rsrapport</gsd:InformationOnTypeOfSubmittedReport>
<gsd:IdentificationNumberCvrOfSubmittingEnterprise contextRef="ctx1">33771231</gsd:IdentificationNumberCvrOfSubmittingEnterprise>
<gsd:NameOfSubmittingEnterprise contextRef="ctx1" xml:lang="en">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</gsd:NameOfSubmittingEnterprise>
<gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="ctx1" xml:lang="en">Strandvejen 44</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
<gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="ctx1" xml:lang="en">2900 Hellerup</gsd:AddressOfSubmittingEnterprisePostcodeAndTown>
<gsd:PrecedingReportingPeriodStartDate contextRef="ctx1">2016-01-01</gsd:PrecedingReportingPeriodStartDate>
<gsd:PredingReportingPeriodEndDate contextRef="ctx1">2016-12-31</gsd:PredingReportingPeriodEndDate>
<cmn:TypeOfAuditorAssistance contextRef="ctx1">Revisionspåtegning</cmn:TypeOfAuditorAssistance>
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<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx2">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameAndSurnameOfAuditor contextRef="ctx2" xml:lang="en">Mikkel Sthyr</cmn:NameAndSurnameOfAuditor>
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<arr:IdentificationNumberOfAuditor contextRef="ctx2">mne26693</arr:IdentificationNumberOfAuditor>
<cmn:NameAndSurnameOfAuditor contextRef="ctx3" xml:lang="en">Rasmus Friis Jørgensen</cmn:NameAndSurnameOfAuditor>
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<arr:IdentificationNumberOfAuditor contextRef="ctx3">mne28705</arr:IdentificationNumberOfAuditor>
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<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx4" xml:lang="en">Klaus Holse</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
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<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx15" xml:lang="en">Else Braathen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
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<ifrs-full:InterestPaidClassifiedAsOperatingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">291000</ifrs-full:InterestPaidClassifiedAsOperatingActivities>
<ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">11141000</ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities>
<ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">57964000</ifrs-full:CashFlowsFromUsedInOperatingActivities>
<ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">0</ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities>
<ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">1644000</ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities>
<ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">346000</ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
<ifrs-full:PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">27000</ifrs-full:PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities>
<ifrs-dk:ProceedsFromSalesOfFinancialAssetsClassifiedAsInvestingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">20000</ifrs-dk:ProceedsFromSalesOfFinancialAssetsClassifiedAsInvestingActivities>
<ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">6403000</ifrs-full:CashFlowsFromUsedInInvestingActivities>
<ifrs-dk:FreeCashFlowsFromUsedInOperatingInvestingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">64367000</ifrs-dk:FreeCashFlowsFromUsedInOperatingInvestingActivities>
<ifrs-full:DividendsPaidClassifiedAsFinancingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">28450000</ifrs-full:DividendsPaidClassifiedAsFinancingActivities>
<ifrs-dk:PurchaseSaleOfTreasuryAssets contextRef="ctx18" unitRef="vEUR" decimals="-3">44406000</ifrs-dk:PurchaseSaleOfTreasuryAssets>
<ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">0</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">-72856000</ifrs-full:CashFlowsFromUsedInFinancingActivities>
<ifrs-full:IncreaseDecreaseInCashAndCashEquivalents contextRef="ctx18" unitRef="vEUR" decimals="-3">-8489000</ifrs-full:IncreaseDecreaseInCashAndCashEquivalents>
<ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents contextRef="ctx18" unitRef="vEUR" decimals="-3">-107000</ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents>
<ifrs-full:Goodwill contextRef="ctx19" unitRef="vEUR" decimals="-3">28009000</ifrs-full:Goodwill>
<ifrs-full:ComputerSoftware contextRef="ctx19" unitRef="vEUR" decimals="-3">7777000</ifrs-full:ComputerSoftware>
<ifrs-dk:CustomerRelationships contextRef="ctx19" unitRef="vEUR" decimals="-3">8470000</ifrs-dk:CustomerRelationships>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="ctx19" unitRef="vEUR" decimals="-3">44256000</ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-dk:LeaseholdImprovements contextRef="ctx19" unitRef="vEUR" decimals="-3">3295000</ifrs-dk:LeaseholdImprovements>
<ifrs-dk:Equipment contextRef="ctx19" unitRef="vEUR" decimals="-3">1277000</ifrs-dk:Equipment>
<ifrs-full:OtherPropertyPlantAndEquipment contextRef="ctx19" unitRef="vEUR" decimals="-3">956000</ifrs-full:OtherPropertyPlantAndEquipment>
<ifrs-full:PropertyPlantAndEquipment contextRef="ctx19" unitRef="vEUR" decimals="-3">5528000</ifrs-full:PropertyPlantAndEquipment>
<ifrs-full:InvestmentsInAssociates contextRef="ctx19" unitRef="vEUR" decimals="-3">854000</ifrs-full:InvestmentsInAssociates>
<ifrs-dk:OtherNoncurrentReceivablesDeposits contextRef="ctx19" unitRef="vEUR" decimals="-3">1995000</ifrs-dk:OtherNoncurrentReceivablesDeposits>
<ifrs-full:DeferredTaxAssets contextRef="ctx19" unitRef="vEUR" decimals="-3">3123000</ifrs-full:DeferredTaxAssets>
<ifrs-full:NoncurrentAssets contextRef="ctx19" unitRef="vEUR" decimals="-3">55756000</ifrs-full:NoncurrentAssets>
<easyx:EasyX_1579466933 contextRef="ctx19" unitRef="vEUR" decimals="-3">86080000</easyx:EasyX_1579466933>
<easyx:EasyX_1738729467 contextRef="ctx19" unitRef="vEUR" decimals="-3">49946000</easyx:EasyX_1738729467>
<ifrs-full:CurrentTaxAssetsCurrent contextRef="ctx19" unitRef="vEUR" decimals="-3">1387000</ifrs-full:CurrentTaxAssetsCurrent>
<ifrs-full:CurrentPrepayments contextRef="ctx19" unitRef="vEUR" decimals="-3">6035000</ifrs-full:CurrentPrepayments>
<ifrs-full:Cash contextRef="ctx19" unitRef="vEUR" decimals="-3">31412000</ifrs-full:Cash>
<ifrs-full:CurrentAssets contextRef="ctx19" unitRef="vEUR" decimals="-3">174860000</ifrs-full:CurrentAssets>
<ifrs-full:Assets contextRef="ctx19" unitRef="vEUR" decimals="-3">230616000</ifrs-full:Assets>
<ifrs-full:IssuedCapital contextRef="ctx19" unitRef="vEUR" decimals="-3">5467000</ifrs-full:IssuedCapital>
<ifrs-full:SharePremium contextRef="ctx19" unitRef="vEUR" decimals="-3">9963000</ifrs-full:SharePremium>
<ifrs-full:ReserveOfChangeInValueOfForeignCurrencyBasisSpreads contextRef="ctx19" unitRef="vEUR" decimals="-3">-3170000</ifrs-full:ReserveOfChangeInValueOfForeignCurrencyBasisSpreads>
<ifrs-full:RetainedEarnings contextRef="ctx19" unitRef="vEUR" decimals="-3">69751000</ifrs-full:RetainedEarnings>
<ifrs-dk:DividendAvailableForDistribution contextRef="ctx19" unitRef="vEUR" decimals="-3">34570000</ifrs-dk:DividendAvailableForDistribution>
<ifrs-full:Equity contextRef="ctx19" unitRef="vEUR" decimals="-3">116581000</ifrs-full:Equity>
<ifrs-full:DeferredTaxLiabilities contextRef="ctx19" unitRef="vEUR" decimals="-3">8514000</ifrs-full:DeferredTaxLiabilities>
<ifrs-full:NoncurrentProvisions contextRef="ctx19" unitRef="vEUR" decimals="-3">8025000</ifrs-full:NoncurrentProvisions>
<ifrs-full:NoncurrentLiabilities contextRef="ctx19" unitRef="vEUR" decimals="-3">16539000</ifrs-full:NoncurrentLiabilities>
<ifrs-dk:CurrentBankLoans contextRef="ctx19" unitRef="vEUR" decimals="-3">30000000</ifrs-dk:CurrentBankLoans>
<ifrs-dk:CurrentPrepaymentsFromCustomers contextRef="ctx19" unitRef="vEUR" decimals="-3">11969000</ifrs-dk:CurrentPrepaymentsFromCustomers>
<easyx:EasyX_1973082250 contextRef="ctx19" unitRef="vEUR" decimals="-3">50358000</easyx:EasyX_1973082250>
<ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="ctx19" unitRef="vEUR" decimals="-3">4976000</ifrs-full:CurrentTaxLiabilitiesCurrent>
<ifrs-full:CurrentProvisions contextRef="ctx19" unitRef="vEUR" decimals="-3">193000</ifrs-full:CurrentProvisions>
<ifrs-full:CurrentLiabilities contextRef="ctx19" unitRef="vEUR" decimals="-3">97496000</ifrs-full:CurrentLiabilities>
<ifrs-full:Liabilities contextRef="ctx19" unitRef="vEUR" decimals="-3">114035000</ifrs-full:Liabilities>
<ifrs-full:EquityAndLiabilities contextRef="ctx19" unitRef="vEUR" decimals="-3">230616000</ifrs-full:EquityAndLiabilities>
<ifrs-full:CashAndCashEquivalents contextRef="ctx19" unitRef="vEUR" decimals="-3">31412000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:Goodwill contextRef="ctx20" unitRef="vEUR" decimals="-3">3976000</ifrs-full:Goodwill>
<ifrs-full:ComputerSoftware contextRef="ctx20" unitRef="vEUR" decimals="-3">4215000</ifrs-full:ComputerSoftware>
<ifrs-dk:CustomerRelationships contextRef="ctx20" unitRef="vEUR" decimals="-3">2804000</ifrs-dk:CustomerRelationships>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="ctx20" unitRef="vEUR" decimals="-3">10995000</ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-dk:LeaseholdImprovements contextRef="ctx20" unitRef="vEUR" decimals="-3">2446000</ifrs-dk:LeaseholdImprovements>
<ifrs-dk:Equipment contextRef="ctx20" unitRef="vEUR" decimals="-3">1179000</ifrs-dk:Equipment>
<ifrs-full:OtherPropertyPlantAndEquipment contextRef="ctx20" unitRef="vEUR" decimals="-3">1154000</ifrs-full:OtherPropertyPlantAndEquipment>
<ifrs-full:PropertyPlantAndEquipment contextRef="ctx20" unitRef="vEUR" decimals="-3">4779000</ifrs-full:PropertyPlantAndEquipment>
<ifrs-full:InvestmentsInAssociates contextRef="ctx20" unitRef="vEUR" decimals="-3">551000</ifrs-full:InvestmentsInAssociates>
<ifrs-dk:OtherNoncurrentReceivablesDeposits contextRef="ctx20" unitRef="vEUR" decimals="-3">1890000</ifrs-dk:OtherNoncurrentReceivablesDeposits>
<ifrs-full:DeferredTaxAssets contextRef="ctx20" unitRef="vEUR" decimals="-3">8534000</ifrs-full:DeferredTaxAssets>
<ifrs-full:NoncurrentAssets contextRef="ctx20" unitRef="vEUR" decimals="-3">26749000</ifrs-full:NoncurrentAssets>
<easyx:EasyX_1579466933 contextRef="ctx20" unitRef="vEUR" decimals="-3">80041000</easyx:EasyX_1579466933>
<easyx:EasyX_1738729467 contextRef="ctx20" unitRef="vEUR" decimals="-3">0</easyx:EasyX_1738729467>
<ifrs-full:CurrentTaxAssetsCurrent contextRef="ctx20" unitRef="vEUR" decimals="-3">1966000</ifrs-full:CurrentTaxAssetsCurrent>
<ifrs-full:CurrentPrepayments contextRef="ctx20" unitRef="vEUR" decimals="-3">6582000</ifrs-full:CurrentPrepayments>
<ifrs-full:Cash contextRef="ctx20" unitRef="vEUR" decimals="-3">31590000</ifrs-full:Cash>
<ifrs-full:CurrentAssets contextRef="ctx20" unitRef="vEUR" decimals="-3">120179000</ifrs-full:CurrentAssets>
<ifrs-full:Assets contextRef="ctx20" unitRef="vEUR" decimals="-3">146928000</ifrs-full:Assets>
<ifrs-full:IssuedCapital contextRef="ctx20" unitRef="vEUR" decimals="-3">5575000</ifrs-full:IssuedCapital>
<ifrs-full:SharePremium contextRef="ctx20" unitRef="vEUR" decimals="-3">0</ifrs-full:SharePremium>
<ifrs-full:ReserveOfChangeInValueOfForeignCurrencyBasisSpreads contextRef="ctx20" unitRef="vEUR" decimals="-3">-518000</ifrs-full:ReserveOfChangeInValueOfForeignCurrencyBasisSpreads>
<ifrs-full:RetainedEarnings contextRef="ctx20" unitRef="vEUR" decimals="-3">34173000</ifrs-full:RetainedEarnings>
<ifrs-dk:DividendAvailableForDistribution contextRef="ctx20" unitRef="vEUR" decimals="-3">33341000</ifrs-dk:DividendAvailableForDistribution>
<ifrs-full:Equity contextRef="ctx20" unitRef="vEUR" decimals="-3">72571000</ifrs-full:Equity>
<ifrs-full:DeferredTaxLiabilities contextRef="ctx20" unitRef="vEUR" decimals="-3">1149000</ifrs-full:DeferredTaxLiabilities>
<ifrs-full:NoncurrentProvisions contextRef="ctx20" unitRef="vEUR" decimals="-3">5573000</ifrs-full:NoncurrentProvisions>
<ifrs-full:NoncurrentLiabilities contextRef="ctx20" unitRef="vEUR" decimals="-3">6722000</ifrs-full:NoncurrentLiabilities>
<ifrs-dk:CurrentBankLoans contextRef="ctx20" unitRef="vEUR" decimals="-3">0</ifrs-dk:CurrentBankLoans>
<ifrs-dk:CurrentPrepaymentsFromCustomers contextRef="ctx20" unitRef="vEUR" decimals="-3">14647000</ifrs-dk:CurrentPrepaymentsFromCustomers>
<easyx:EasyX_1973082250 contextRef="ctx20" unitRef="vEUR" decimals="-3">50922000</easyx:EasyX_1973082250>
<ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="ctx20" unitRef="vEUR" decimals="-3">1946000</ifrs-full:CurrentTaxLiabilitiesCurrent>
<ifrs-full:CurrentProvisions contextRef="ctx20" unitRef="vEUR" decimals="-3">120000</ifrs-full:CurrentProvisions>
<ifrs-full:CurrentLiabilities contextRef="ctx20" unitRef="vEUR" decimals="-3">67635000</ifrs-full:CurrentLiabilities>
<ifrs-full:Liabilities contextRef="ctx20" unitRef="vEUR" decimals="-3">74357000</ifrs-full:Liabilities>
<ifrs-full:EquityAndLiabilities contextRef="ctx20" unitRef="vEUR" decimals="-3">146928000</ifrs-full:EquityAndLiabilities>
<ifrs-full:CashAndCashEquivalents contextRef="ctx20" unitRef="vEUR" decimals="-3">31590000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:ComputerSoftware contextRef="ctx21" unitRef="vEUR" decimals="-3">2354000</ifrs-full:ComputerSoftware>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="ctx21" unitRef="vEUR" decimals="-3">2354000</ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-dk:LeaseholdImprovements contextRef="ctx21" unitRef="vEUR" decimals="-3">248000</ifrs-dk:LeaseholdImprovements>
<ifrs-dk:Equipment contextRef="ctx21" unitRef="vEUR" decimals="-3">713000</ifrs-dk:Equipment>
<ifrs-full:OtherPropertyPlantAndEquipment contextRef="ctx21" unitRef="vEUR" decimals="-3">12000</ifrs-full:OtherPropertyPlantAndEquipment>
<ifrs-full:PropertyPlantAndEquipment contextRef="ctx21" unitRef="vEUR" decimals="-3">973000</ifrs-full:PropertyPlantAndEquipment>
<ifrs-full:InvestmentsInSubsidiaries contextRef="ctx21" unitRef="vEUR" decimals="-3">75119000</ifrs-full:InvestmentsInSubsidiaries>
<ifrs-full:InvestmentsInAssociates contextRef="ctx21" unitRef="vEUR" decimals="-3">161000</ifrs-full:InvestmentsInAssociates>
<ifrs-dk:OtherNoncurrentReceivablesDeposits contextRef="ctx21" unitRef="vEUR" decimals="-3">1561000</ifrs-dk:OtherNoncurrentReceivablesDeposits>
<ifrs-full:DeferredTaxAssets contextRef="ctx21" unitRef="vEUR" decimals="-3">0</ifrs-full:DeferredTaxAssets>
<ifrs-full:NoncurrentAssets contextRef="ctx21" unitRef="vEUR" decimals="-3">80168000</ifrs-full:NoncurrentAssets>
<easyx:EasyX_1579466933 contextRef="ctx21" unitRef="vEUR" decimals="-3">76379000</easyx:EasyX_1579466933>
<easyx:EasyX_1738729467 contextRef="ctx21" unitRef="vEUR" decimals="-3">4505000</easyx:EasyX_1738729467>
<ifrs-full:CurrentPrepayments contextRef="ctx21" unitRef="vEUR" decimals="-3">3045000</ifrs-full:CurrentPrepayments>
<ifrs-full:Cash contextRef="ctx21" unitRef="vEUR" decimals="-3">8865000</ifrs-full:Cash>
<ifrs-full:CurrentAssets contextRef="ctx21" unitRef="vEUR" decimals="-3">92794000</ifrs-full:CurrentAssets>
<ifrs-full:Assets contextRef="ctx21" unitRef="vEUR" decimals="-3">172962000</ifrs-full:Assets>
<ifrs-full:IssuedCapital contextRef="ctx21" unitRef="vEUR" decimals="-3">5467000</ifrs-full:IssuedCapital>
<ifrs-full:SharePremium contextRef="ctx21" unitRef="vEUR" decimals="-3">9963000</ifrs-full:SharePremium>
<ifrs-full:RetainedEarnings contextRef="ctx21" unitRef="vEUR" decimals="-3">53617000</ifrs-full:RetainedEarnings>
<ifrs-dk:DividendAvailableForDistribution contextRef="ctx21" unitRef="vEUR" decimals="-3">34570000</ifrs-dk:DividendAvailableForDistribution>
<ifrs-full:Equity contextRef="ctx21" unitRef="vEUR" decimals="-3">103617000</ifrs-full:Equity>
<ifrs-full:DeferredTaxLiabilities contextRef="ctx21" unitRef="vEUR" decimals="-3">3929000</ifrs-full:DeferredTaxLiabilities>
<ifrs-full:NoncurrentProvisions contextRef="ctx21" unitRef="vEUR" decimals="-3">1668000</ifrs-full:NoncurrentProvisions>
<ifrs-full:NoncurrentLiabilities contextRef="ctx21" unitRef="vEUR" decimals="-3">5597000</ifrs-full:NoncurrentLiabilities>
<ifrs-dk:CurrentBankLoans contextRef="ctx21" unitRef="vEUR" decimals="-3">30000000</ifrs-dk:CurrentBankLoans>
<ifrs-dk:CurrentPrepaymentsFromCustomers contextRef="ctx21" unitRef="vEUR" decimals="-3">258000</ifrs-dk:CurrentPrepaymentsFromCustomers>
<easyx:EasyX_1973082250 contextRef="ctx21" unitRef="vEUR" decimals="-3">31822000</easyx:EasyX_1973082250>
<ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="ctx21" unitRef="vEUR" decimals="-3">1668000</ifrs-full:CurrentTaxLiabilitiesCurrent>
<ifrs-full:CurrentProvisions contextRef="ctx21" unitRef="vEUR" decimals="-3">0</ifrs-full:CurrentProvisions>
<ifrs-full:CurrentLiabilities contextRef="ctx21" unitRef="vEUR" decimals="-3">63748000</ifrs-full:CurrentLiabilities>
<ifrs-full:Liabilities contextRef="ctx21" unitRef="vEUR" decimals="-3">69345000</ifrs-full:Liabilities>
<ifrs-full:EquityAndLiabilities contextRef="ctx21" unitRef="vEUR" decimals="-3">172962000</ifrs-full:EquityAndLiabilities>
<ifrs-full:CashAndCashEquivalents contextRef="ctx21" unitRef="vEUR" decimals="-3">8865000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:ComputerSoftware contextRef="ctx22" unitRef="vEUR" decimals="-3">1708000</ifrs-full:ComputerSoftware>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="ctx22" unitRef="vEUR" decimals="-3">1708000</ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-dk:LeaseholdImprovements contextRef="ctx22" unitRef="vEUR" decimals="-3">563000</ifrs-dk:LeaseholdImprovements>
<ifrs-dk:Equipment contextRef="ctx22" unitRef="vEUR" decimals="-3">914000</ifrs-dk:Equipment>
<ifrs-full:OtherPropertyPlantAndEquipment contextRef="ctx22" unitRef="vEUR" decimals="-3">15000</ifrs-full:OtherPropertyPlantAndEquipment>
<ifrs-full:PropertyPlantAndEquipment contextRef="ctx22" unitRef="vEUR" decimals="-3">1492000</ifrs-full:PropertyPlantAndEquipment>
<ifrs-full:InvestmentsInSubsidiaries contextRef="ctx22" unitRef="vEUR" decimals="-3">36996000</ifrs-full:InvestmentsInSubsidiaries>
<ifrs-full:InvestmentsInAssociates contextRef="ctx22" unitRef="vEUR" decimals="-3">162000</ifrs-full:InvestmentsInAssociates>
<ifrs-dk:OtherNoncurrentReceivablesDeposits contextRef="ctx22" unitRef="vEUR" decimals="-3">1555000</ifrs-dk:OtherNoncurrentReceivablesDeposits>
<ifrs-full:DeferredTaxAssets contextRef="ctx22" unitRef="vEUR" decimals="-3">2455000</ifrs-full:DeferredTaxAssets>
<ifrs-full:NoncurrentAssets contextRef="ctx22" unitRef="vEUR" decimals="-3">44368000</ifrs-full:NoncurrentAssets>
<easyx:EasyX_1579466933 contextRef="ctx22" unitRef="vEUR" decimals="-3">42587000</easyx:EasyX_1579466933>
<easyx:EasyX_1738729467 contextRef="ctx22" unitRef="vEUR" decimals="-3">0</easyx:EasyX_1738729467>
<ifrs-full:CurrentPrepayments contextRef="ctx22" unitRef="vEUR" decimals="-3">2812000</ifrs-full:CurrentPrepayments>
<ifrs-full:Cash contextRef="ctx22" unitRef="vEUR" decimals="-3">19703000</ifrs-full:Cash>
<ifrs-full:CurrentAssets contextRef="ctx22" unitRef="vEUR" decimals="-3">65102000</ifrs-full:CurrentAssets>
<ifrs-full:Assets contextRef="ctx22" unitRef="vEUR" decimals="-3">109470000</ifrs-full:Assets>
<ifrs-full:IssuedCapital contextRef="ctx22" unitRef="vEUR" decimals="-3">5575000</ifrs-full:IssuedCapital>
<ifrs-full:SharePremium contextRef="ctx22" unitRef="vEUR" decimals="-3">0</ifrs-full:SharePremium>
<ifrs-full:RetainedEarnings contextRef="ctx22" unitRef="vEUR" decimals="-3">37070000</ifrs-full:RetainedEarnings>
<ifrs-dk:DividendAvailableForDistribution contextRef="ctx22" unitRef="vEUR" decimals="-3">33341000</ifrs-dk:DividendAvailableForDistribution>
<ifrs-full:Equity contextRef="ctx22" unitRef="vEUR" decimals="-3">75986000</ifrs-full:Equity>
<ifrs-full:DeferredTaxLiabilities contextRef="ctx22" unitRef="vEUR" decimals="-3">0</ifrs-full:DeferredTaxLiabilities>
<ifrs-full:NoncurrentProvisions contextRef="ctx22" unitRef="vEUR" decimals="-3">1523000</ifrs-full:NoncurrentProvisions>
<ifrs-full:NoncurrentLiabilities contextRef="ctx22" unitRef="vEUR" decimals="-3">1523000</ifrs-full:NoncurrentLiabilities>
<ifrs-dk:CurrentBankLoans contextRef="ctx22" unitRef="vEUR" decimals="-3">0</ifrs-dk:CurrentBankLoans>
<ifrs-dk:CurrentPrepaymentsFromCustomers contextRef="ctx22" unitRef="vEUR" decimals="-3">85000</ifrs-dk:CurrentPrepaymentsFromCustomers>
<easyx:EasyX_1973082250 contextRef="ctx22" unitRef="vEUR" decimals="-3">30686000</easyx:EasyX_1973082250>
<ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="ctx22" unitRef="vEUR" decimals="-3">1182000</ifrs-full:CurrentTaxLiabilitiesCurrent>
<ifrs-full:CurrentProvisions contextRef="ctx22" unitRef="vEUR" decimals="-3">8000</ifrs-full:CurrentProvisions>
<ifrs-full:CurrentLiabilities contextRef="ctx22" unitRef="vEUR" decimals="-3">31961000</ifrs-full:CurrentLiabilities>
<ifrs-full:Liabilities contextRef="ctx22" unitRef="vEUR" decimals="-3">33484000</ifrs-full:Liabilities>
<ifrs-full:EquityAndLiabilities contextRef="ctx22" unitRef="vEUR" decimals="-3">109470000</ifrs-full:EquityAndLiabilities>
<ifrs-full:CashAndCashEquivalents contextRef="ctx22" unitRef="vEUR" decimals="-3">19703000</ifrs-full:CashAndCashEquivalents>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx23" xml:lang="en">Profit for the year</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx23" unitRef="vEUR" decimals="-3">66497000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx24" xml:lang="en">Profit for the year</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx24" unitRef="vEUR" decimals="-3">50992000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx25" xml:lang="en">Profit for the year</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx25" unitRef="vEUR" decimals="-3">60425000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx26" xml:lang="en">Profit for the year</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx26" unitRef="vEUR" decimals="-3">49216000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx27" xml:lang="en">Changes contract assets</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx27" unitRef="vEUR" decimals="-3">-21922000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx28" xml:lang="en">Changes contract assets</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx28" unitRef="vEUR" decimals="-3">0</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx29" xml:lang="en">Changes in working capital</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx29" unitRef="vEUR" decimals="-3">-7931000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx30" xml:lang="en">Changes in working capital</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx30" unitRef="vEUR" decimals="-3">1997000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx31" xml:lang="en">Changes in working capital and contract assets</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx31" unitRef="vEUR" decimals="-3">-25385000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx32" xml:lang="en">Changes in working capital and contract assets</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx32" unitRef="vEUR" decimals="-3">8049000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx33" xml:lang="en">Cash from operating activities before financial items</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx33" unitRef="vEUR" decimals="-3">70549000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx34" xml:lang="en">Cash from operating activities before financial items</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx34" unitRef="vEUR" decimals="-3">78661000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx35" xml:lang="en">Cash from operating activities before financial items</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx35" unitRef="vEUR" decimals="-3">49085000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx36" xml:lang="en">Cash from operating activities before financial items</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx36" unitRef="vEUR" decimals="-3">69001000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx37" xml:lang="en">Deferred payment, purchase of subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx37" unitRef="vEUR" decimals="-3">-2931000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx38" xml:lang="en">Deferred payment, purchase of subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx38" unitRef="vEUR" decimals="-3">0</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx39" xml:lang="en">Deferred payment, purchase of subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx39" unitRef="vEUR" decimals="-3">-2931000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx40" xml:lang="en">Deferred payment, purchase of subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx40" unitRef="vEUR" decimals="-3">0</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx41" xml:lang="en">Dividends from associates</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx41" unitRef="vEUR" decimals="-3">86000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx42" xml:lang="en">Dividends from associates</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx42" unitRef="vEUR" decimals="-3">91000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx43" xml:lang="en">Dividends from associates</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx43" unitRef="vEUR" decimals="-3">86000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx44" xml:lang="en">Dividends from associates</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx44" unitRef="vEUR" decimals="-3">91000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx45" xml:lang="en">Dividends from subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx45" unitRef="vEUR" decimals="-3">11572000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx46" xml:lang="en">Dividends from subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx46" unitRef="vEUR" decimals="-3">8309000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-full:CashAndCashEquivalents contextRef="ctx47" unitRef="vEUR" decimals="-3">31590000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:CashAndCashEquivalents contextRef="ctx48" unitRef="vEUR" decimals="-3">43344000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:CashAndCashEquivalents contextRef="ctx49" unitRef="vEUR" decimals="-3">19703000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:CashAndCashEquivalents contextRef="ctx50" unitRef="vEUR" decimals="-3">28299000</ifrs-full:CashAndCashEquivalents>
</xbrli:xbrl>